Aiyah! So you have HK$8 million in your bank account and think you can just waltz into any bank and tell them, “Oi, I’m a Professional Investor (PI), lah. Show me the secret stuff!”? Slow down there, buddy. According to the no-nonsense folks at the Securities and Futures Commission (SFC), being a “PI” in Hong…

Hey hey hey, all you Web3 warriors and future superstars of the virtual asset (VA) world! Thinking of making it big in Hong Kong’s financial scene by starting your own VA business? Maybe a fund, an exchange, or just helping people trade some VAs? Hold your horses! In Hong Kong, you can’t just do whatever…

The Three Pillars of Financial Health for Insurance Brokers When establishing an insurance brokerage in Hong Kong, understanding three critical financial metrics is essential: paid-up share capital, net asset value, and liquid capital. These three numbers work together like the foundation, structure, and cash reserves of a building – all are vital for regulatory compliance…

🚀 Market Context 🔒 Privacy, Debunked Category Publicly searchable? Who can access? Watch-outs Directors ✅ Yes (pay-per-search) Anyone Consider professional / corporate directors; comply with ES rules Shareholders ❌ No BVI-licensed lawyers only Banks, tax authorities & SFC still demand full UBO disclosure Key Point: BVI anonymity stops at regulators and banks. 🏦 The Bank-Account…

🎯 Why “Find a Company First, Then Apply”? Key Point Details Employer-Driven Filing Only a hiring Licensed Corporation (LC) can file via WINGS; individuals cannot apply on their own Provisional Licence SFC issues a Provisional LR in ~7 working days, so you can start work quickly Fit-and-Proper Test Employer must show both firm and applicant…

Introduction A Hong Kong LC is the passport for regulated securities, asset-management, or advisory businesses. This guide contrasts buying an existing licence versus applying from scratch, covering pricing, timelines, due-diligence, and deal tactics. 1. Small-Cap Licence Pricing (H1 2025) Licence Combo Primary Uses Typical Buyers Market Range Type 4 & 9 (“49”) Advisory & AM…

1. Context 2. Licensing Triggers Test Explanation Dominant-Role Test Does the individual exercise sole or joint dominant control over investment decisions? Functional Test Is the individual conducting Type 4 (Advising on Securities) or Type 9 (Asset Management) regulated activity under Schedule 5 of the SFO? 3. Practical Scenarios Role Function Licence? External Advisor Market insights,…

Product Type Target Investors Subject to UT Code Ch. 7? Notes SFC-authorised public funds Retail public Yes—must comply All limits below are based on this Private/OFC/LPF (professional only) Professional/institutional Generally exempt May serve as internal reference MPF, PRF & other pension funds Retail/employees MPF rules apply Also 10% single-entity cap # Clause Limit Regulatory Logic…

Item Can be searched online with payment? Who can access? Risk Alert Director List ✅ Yes Anyone If seeking a low profile, consider professional or corporate directors, but note Economic Substance rules Shareholder List ❌ No Only BVI-licensed attorneys UBO must still be disclosed to banks, tax authorities, and the SFC 🔍 Key Point: BVI…

Exam Roadmap · Preparation Strategy · Career Blueprint 1. Why Pursue a Type 6 Licence? 2. Exam Requirements Role Required Papers Notes Licensed Representative Paper 1 (Regulatory Framework) + Paper 7 (Financial Markets) + Paper 11 (Corporate Finance) Entry level Responsible Officer (RO) Above + Paper 5 (Corporate Finance Regulation) Management track Sponsor Representative Add…